PUBLISHER: Grand View Research | PRODUCT CODE: 1530377
PUBLISHER: Grand View Research | PRODUCT CODE: 1530377
Cyanoacrylate Adhesives Market Trends
The global cyanoacrylate adhesives market size was valued at USD 27.67 billion in 2023 and is expected to grow at a CAGR of 5.5% from 2024 to 2030. Cyanoacrylate adhesives are extensively
used in the automotive industry due to their ability to bond surfaces like glass, metal, plastic, and painted surfaces. They are used for assembling body interiors and engine components, including battery assembly in electric vehicles.The worldwide introduction of electric vehicles has significantly contributed to the overall revenue of the global automotive market. This is due to their lower energy costs, environmentally friendly nature, and efficient mobility features. Various government policies and standards also act as driving factors in increasing EV production. For example, the EU standards for CO2 emissions have increased the demand for electric vehicles in 2023.
The key focus in the cyanoacrylate adhesives market is on extensive product development and innovation. Dominant market players are vigorously involved in research and development activities to introduce advanced formulations and elevate the performance of these adhesives. There is a distinct emphasis on creating low-odor and low-blooming formulations to tackle concerns regarding the potent smell and white residue associated with traditional cyanoacrylate adhesives.
Manufacturers are steadfastly working on producing product with enhanced flexibility, impact resistance, and superior resistance to harsh environmental conditions. These advancements are poised to significantly broaden the application range of cyanoacrylate adhesives in the automotive, aerospace, and construction industries.
Global Cyanoacrylate Adhesives Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global cyanoacrylate adhesives market report based on technology, end use, and region:
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa